Technology Development Clause Examples
The Technology Development clause outlines the responsibilities and procedures related to the creation, improvement, or customization of technology within the scope of an agreement. It typically specifies which party will undertake development activities, how intellectual property rights will be handled, and the standards or milestones that must be met during the process. This clause ensures that both parties have a clear understanding of their roles and expectations, reducing the risk of disputes over ownership or deliverables and facilitating smooth collaboration on technological projects.
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Technology Development. 4.3.1 The Parties will work together to identify opportunities for improving drilling performance and wellsite outcomes. This may involve joint technology projects and field trials of new equipment, software and techniques.
Technology Development. ▇▇▇▇ Atlantic Mobile and Company may ---------------------- cooperate with each other from time to time in developing new technology, new applications of existing technology and/or new products or product lines in order to further their mutual interests hereunder. Except as otherwise provided herein, neither party shall be under any obligation to the other to engage in such development.
Technology Development. The Parties will work together to jointly improve and further develop the Technologies for a period of five (5) years (“Joint Development Period”). The scope and nature of such joint efforts, and the respective responsibilities of the parties in connection therewith, will be set forth in one or more mutually agreeable development agreements or other similar agreements to be entered into by the Parties (“Development Agreements”).
Technology Development. 1.1. As requested by Party B, Party A will research and develop the relevant technologies in accordance with Party B’s business needs. Party B shall actively cooperate with Party A to facilitate the aforesaid work.
1.2. Party A shall complete the research and development on the relevant technologies within the period as agreed and the work product shall meet the standard as provided by Party B.
1.3. The technology achievements developed by Party A, including the intellectual properties such as patent and copyright shall be owned by Party A. Without the prior written consent of Party A, Party B is not entitled to apply for or by any means license the patent or copyright etc. to a third party.
1.4. During the valid term of this Agreement, with respect to each specific technology development project, the Parties will separately enter into a Technology Development (Services) Agreement to stipulate provisions including the specific project requirement, development progress, provision of the data, budget and compensation for the development project, events of default, etc. The execution and provisions of such Technology Development (Services) Agreement will be subject to the provisions of this Agreement.
1.5. The Parties hereby confirm that each of the Technology Development (Services) Agreement as set forth in the Schedule 1 to this Agreement was executed for the purpose of the performance of this Agreement and is in accordance with the purpose of this Agreement and subject to the provisions of this Agreement.
Technology Development. From time to time Market Leader may request modifications and enhancements to the Marketing Center, which shall be subject to Imprev’s agreement, at which time Market Leader may incur a Technology Development Fee. The Technology Development Fee shall be billed per Exhibit A for all related development work (“Technology Development Fee”). Where mutually agreed upon, (including with respect to the quote referenced in the next sentence), Market Leader and Imprev shall work together to implement such modifications and enhancements. Imprev shall provide Market Leader with a quote for any Market Leader costs associated with such modifications and enhancements prior to beginning any development work. Imprev and Market Leader shall mutually agree to the scope and potential billable hours prior to Imprev conducting any billable work. In no case will Market Leader be billed for any technology development without Market Leader’s prior written agreement.
Technology Development. Within [*****] days after the Effective Date, DOW shall pay to DIVERSA a technology development fee of One Million Five Hundred Thousand (US$1,500,000) Dollars, and shall similarly provide DIVERSA with a technology development fee of One Million Five Hundred Thousand (US$1,500,000) Dollars, during the Agreement Term, within [*****] days of each of the successive two anniversary dates of the Effective Date. Thus within [*****] days after the Effective date, DOW shall pay to DIVERSA a technology development fee of One Million Five Hundred Thousand (US$1,500,000) Dollars and Nine Hundred Thousand (US$900,000) Dollars for the first quarter FTE payment under Section 4.4 for a total of Two Million Four Hundred Thousand (US$2,400,000) Dollars.
Technology Development. The Parties will cooperate in ICT research and development projects that are mutually beneficial, including strengthening centers of excellence, transfer of technology and exchange of researchers.
Technology Development. Each party shall be responsible for all costs associated with its technology (except for new technology jointly developed by both parties, which costs shall be determined prior to each such venture), user documentation, technical support, marketing, and sales as such relates to any Jointly Developed Product.
Technology Development. USI will establish a sensor R&D center, and will cooperate with universities in China to develop new products and the new sensing technologies.
Technology Development. To collect and analyze products for development and assist in the transfer of expertise, collect and track industry research and development information, and integrate/track cross-technology project. (E)